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20121201
20121231
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. representative howard berman elected in 1982 and served 30 years from the 28th district. representative bob filner sworn in this month as mayor of san diego and served for 20 years. representative laura richardson served for five years from the 37th district. representative pete stark, outgoing dean of our delegation was elected in 1972 and served more than 40 wreers from the 13th district. representative lynn woolsey served for 20 years from the 6th congressional district. much kk said about the distinguished careers of our departing colleagues, but i would like to offer a few remarks of the work i have joined them during their time here in the congress. representative howard berman has served the house for 30 years and i was honored to name him among my closest friends in this body. during his service, he worked on a wide of variety of issues and known as a champion of human rights and standing up for middle class, working class and for the poor in our country. as chair of the foreign affairs committee from 2007 to 2008, mr. berman made great progress on behalf of the less fortunate. he w
's the chief of staff to governor bob macdonald. to denise northrop came from state of oklahoma where she is chief of staff to governor mary phalen and roxanne white is joining us from the great state of colorado where she's chief of staff to governor john hicken looper. and so their full bios are on the pamphlets and nare all very accomplished professionals in their careers. i'm going to ask roxanne to start and we can come down this way. >> great. first, thank you for the report. i think it provides a good framework for all of us as states to continue to look at the challenges facing us. we have been engaged in pension reform in colorado. our pension fund is about 69% solvent. we did major reform in the last administration. and we are now in court trying to defend that reform. our pension costs by 2020 will go to 22%. and so to give you a sense of how far behind we were as a state, if we lose in court and the battle is whether or not we as a state have a right to ratchet down the colas for our state employees, then we could see a need to go to 25% of compensation by 2020. so it's fairly
chairman of this committee. pablo this committee from 1995 to 1997. -- bob led this committee from 1995 to 1997. welcome, bob. retired major-general ronald siegel. he currently serves as vice president enterprise executive for energy in the environment for colorado state university and ohio state university. led a distinguished career in the u.s. air force. d.o.d. executive force base, and prior to that, director of defense research and technology. he flew two space shuttles. we certainly welcome you. >> we welcome, honorable marion blakey, president and ceo representing more than 150 leading aerospace manufacturers. ms. thank you served a five-year term as administrator of the f.a.a. -- ms. blakey served a five- year term as administrator of the f.a.a. we do certainly welcome you. but associate prof. for space science and engineering at the university of michigan, specialist in robotic exploration and space and team leader for the development for the fast imaging plasma spectrometer on messenger spacecraft. we certainly welcome you. dr. scott pages a director of the space policy instit
the privilege and honor to help in his campaign and i have been in san diego with bob, the love and the affection that his constituents have for congressman filner is just really unparalleled. i want to congratulate him for his magnificent win. it was a tough campaign, but he did an unbelievable job and that's because people in his district really knew him and he had provided the level of services that allowed him to be elected now as -- we will call him very soon, mayor filner. joe baca, congressman baca, has been a voice for the poor and underserved during his entire career, not only here in congress but in the california legislature. i was privileged to work with joe on many, many issues, and he has been a consistent voice, both in the california legislature and now here in congress, for protecting low-income families from unfair predatory and credit practices. he has used his seat on the house agricultural committee and house financial services committee to help the most vulnerable americans. he has consistently played a role in raising funding levels for food stamps and nut
to the event with remarks from incoming chairman ed royce and senator bob casey and talking about syria and tensions in iran coming up in a few minutes. we will bring you a portion of the morning portion of the discussion at the foundation for defense of democracy. this segment and this panel discussion focused on the egyptian elections. >> good morning everyone. thank you, bob, for that introduction and thank you all of you for coming out early this morning for what i think will be a lively debate. we are going to be asking the question if democracy is to triumph in the middle east, victories at the ballot box are inavoidable and essential. this is the motion we will be debating in the intelligence-squared format per requests from our panelists who have done this once already -- they have had a practice round. they have not had a chance of doing this, but i suspect, had probably had several scotches and talked about ways to defeat their foes. we know that this is a time of revolution in the middle east. it started with a fruit sell seller in tunisia and toppled a 230-year dictator that
the tremendous service and career of bob morton. a 22-year veteran of the washington state legislature who recently announced that he was going to be retiring at the end of the year. he was first elected to the house in 1990 and then he was appointed to the senate where he currently represents the seventh district, including stevens, and parts of spokane county. he owned a small logging business and ran cattle while also preaching at his local church and serving the community. but bob is not just an outstanding legislator for eastern washington, he's also a close friend. a mentor and the reason that i got into politics and public service in the first place. as an elected official i've worked with him on countless issues and his advice and friendship has been invaluable. he's recognized for his leadership and knowledge, good forest management, no one knows western water law better than bob and he's participated in most of the negotiations over washington water law. bob and his wife linda have five children, 11 grandchildren and i know they're looking forward to spending more time with them
on the state department during a time of fiscal austerity. host: here is a follow-up from senator bob corker who will take over as the ranking republican in the senate foreign relations committee in the 113th congress. [video clip] >> you were fully aware and either you send people there with a security or you send them there. i don't understand why you did not send a notification out, but the cables coming in, with concerns about security, why didn't you do just what you did with this -- seeking additional funds? i did not understand. the appropriations committee has never received from the state department a notification asking to shift funds for security in benghazi. i just want you to tell me why that didn't happen. you do it all the time. it happens almost weekly. >> senator, as you know, we are constantly evaluating our security posture. we are constantly reevaluating where we need funds. and we are constantly by winning the current situation on the ground in all of our countries. as you are well aware, we have risks all over the world and we are constantly evaluating and determining -
. and republican senator bob corker. also on the program is the israeli a bastard to the united states. cnn's state of the union follows and welcomes the managing director of the international monetary fund, christine lagarde. at 4:00 p.m., here "face the nation"where they talked with alan simpson and erskine bowles. also on the program, an interview with cory booker. the sunday network tv shows are repairing here on c-span at noon -- here on cspan radio. listen to them all on cspan radio on 90.1 fm in the washington, d.c. area and nationwide on siriusxm radio. [video clip] >> the staff had to make the plan for the invasion of japan without considering the atomic bomb. it was estimated that to cocker the land would cost 700,000 man and 500,000 of them would be maimed for life. >> i choose to honor both the sacrifice of american servicemen fighting their way through the pacific and a little girl like sadako who died as a result of the atomic bomb. it is unimaginable with the most of them like to be close to that we're that far ball or originated and the blast was strongest. >> follow the journey th
was senator bob corker. here is what he had to say. [video clip] >> realizing that we do not have a lot of cards when it comes to the tax issue before the end of the year. it will leave the presidency and the senate in the hands of the democrats. many people are putting forward a theory that has merit where you go against the president with a 2% increase on the top 2%. all of a sudden the shift goes back to entitlements. all of a sudden once you give him that tax rate, lesser that what he has been talking about, the focus shifts to entitlements and puts us in a place where we can actually do something to save this nation. i am actually beginning to believe that that is the best route for us to take. host: senator corker, saying that there are more republicans willing to do that. you heard him lay out the strategy there. lots of debate in washington about who should give and how much. we are asking you to weigh in on that conversation and tell us what you are willing to sacrifice. this comes from a piece from a few days ago, from "national journal magazine." it is about americans not wil
to address this. [applause] >> wow. man. thank you, bob. i met him when i was 23 years old in wisconsin. i was introduced to him by my mentor, jack kemp. jimmy, your family, and you for caring on the torch. quick you close your eyes, you think you are listening to -- if you close your eyes, you think you are listening to jack kemp. it is something that is really a great honor to do this, to be here. back in this room like last year, and i want to say congratulations to marco rubio on receiving this well deserved honor. [applause] now, as you may know, marco is joining an elite group of past recipients for this award. [laughter] two of us so far. i will see you at the reunion dinner. [applause] [laughter] i am sure the press will not read too much into that one. [laughter] i want to thank you all for your kind hospitality. i want to thank you, jimmy, for holding this event. wherever i went, people would say, i work for jack kemp. that legacy lives on some much because of the connection to the family. there was something this legacy .as such reach hi it is an honor to be a part of this an. j
with china and the united states right now, and what do you see as the challenges in the years ahead? >> bob, thank you very much, and it's great to be back at csis and to be with my friends and colleagues on the panel. i very much appreciate the opportunity. i think as all of you have seen, over the last several years the obama administration, in really a bipartisan spirit, has sought to step up our game in the asia-pacific region, to increase our diplomatic, our commercial, our strategic and our political interactions really across the board. and when we think about it -- it's been termed either the pivot or rebalancing -- a key component of that is frankly our desire to improve and increase our interactions and our relationship with china. we all recognize its importance on the global stage. and frankly, the region and the world demands that the united states and china make an extraordinary effort to make sure that our relationship is strong and stable and predictable. you referred to this long history of what are often referred to as hegemonic transitions. one of the things i would say i
that will be calculated, and quite frankly, in a more simplified form been standard tax law. host: professor bob kelly? guest: when i say chaos i am -- professor buckley? >> when i say chaos, i am referring to two things. the irs has done programming based on their being a patch enacted by the end of the year. most tax returns software has made the same calculated gamble. i agree that the government needs revenue. i do not think there is any question of that. if you just say that the amt is a good tax because it raises revenue, i do not argue on the notion that we need money, however is an extraordinarily arbitrary way of raising revenue. it raises revenue not from the super wealthy. the amt applies to few people making more than half of $1 million. it is counter-intuitive. if you are going to raise revenue, it should be as president obama has suggested, shared sacrifice, and that sacrifice has to come from people making more than half of $1 million. host: how do the very wealthy get out of paying the amt? guest: because of the rate structure. the rate between $200,000 and $500,000 are at least as hig
giving me the dickens. after that we became very good friends and played golf together. bob michael was a wonderful leader. there was a spirit of camaraderie even though we had differences politically then that we do not have now. now it is much more combative. i have a lot of friends on the democratic side of the aisle, very good friends. as far as working things out is not as easy as it used to be. >> what are some of the root causes? >> i think and i am not pointing fingers, when we went after jim wright, newt was the speaker and jim was forced out of office. they went after newt. the combat became very personal. that is one of the things that started this movement. over time, i think it has become political as well as personal. much more political and personal. >> she said raising cain, are -- -- you said raising cain. you will the gavel for the oversight committee and use that to raise the number of investigations especially of the clinton administration. what do you see as your legacy of that tenure? >> i think bill clinton, president clinton and hilary as secretary of state d
responsibility. i can remember bob michael getting up and saying i am proud of voting for this. if you want it to the congressman vote for somebody else. that is a gutsy thing to do. he kept getting reelected. host: john from pennsylvania. caller: thank you for having me. i think the problem is in gdp. we do not produce anything. we do not create any jobs. as far as china is concerned we do not hit that high of a tariff on their imports. i believe it is a lot higher. the whole thing was steve jobs. he treated the apple computer in his garage. when he got successful theme of his company over to china giving chinese people jobs. if steve jobs was born in china he would not even be able to create the apple computer. we just do not do enough for the people of this country. the people who are position to create jobs do not reinvest in the country. i do not think they should get tax breaks. if you want to give these corporate giant tax breaks given to those who want to invest in the country and create jobs. for a lower than the american businessmen. guest: i understand your frustration. part of i
directly to their members. to avoid this sequestration. >> bob sam mills from "the washington post." i think the proposals of the administration are to reduce the marine corps by 20,000 and the army by 80,000 from their peaks. there is much speculation that further cuts in the pentagon budget would lead to additional cuts in the army and the marines. if the united states was put in a position where it had to occupy and protect the oil fields of the persian gulf for an extended period of time, five or six years, are those forces adequate to do the job? >> one of the reasons i was able to get through the chairman is i try not to speculate too much on hypotheticals. the reductions in both the army and the marine corps have been in the budget now -- they have been on the hill, the beginnings of them, have been on the hill for the better part of the year. they are reductions both chiefs of the services and the chairman support. clearly, and i did as well, when i was chairman over a year ago. there was a need to come down. there was an expectation to do that as we move from what was a couple
in the oregon massacre again at the hands of a gun and a perpetrator that is now dead and to say i thank bob costa for having the courage to get on national tv and speak to those who are rabid sports fans and say it's time for some form of gun regulation. the tragedy that occurred with the nfl player and his girlfriend speaks volumes to the idea of individuals who don't need to have guns in their hands. this phenomenon that guns don't kill, people do, is a trite and redundant and a ridiculous statement. we understand that guns have to have someone at their -- at their trigger, but the idea is with no regulations about those who had previous offenses, no regulations dealing with those who've had mental health issues, no regulations for the gun show loophole that you can go in and buy guns on top of guns, it is time to reflect and i think the sports committee could work with us to assure that america realizes there's nothing wrong withstanding up for gun regulation. let me offer sympathy to the brent and brown families to the nfl family and those concerned about athlete in pro ball, that we c
him to in michigan, senator inouye made his two lifelong friends, one senator bob dole, who as we know, became majority leader here in the senate and the republican nominee for president of the united states. and his other lifetime friend is the late senator phil hart, who was known as the conscience of the senate and the hart building, the massive senate office building, is named after him. asked by his son why after being classified as an enemy alien he and the members of the 442nd fought so heroically, senator inouye said in his usual, calm man, for the children. and for the children there could be no finer role model than senator dan inouye. he was a recipient of the medal of honor, a congressional gold medal, the highest honor can bestow. he served the distinguished service cross, a bronze star for valor and, of course, a purple heart. dan inouye showed the same dedication in congress he displayed on if battlefield. i want to take just a little bit here, mr. president, and talk about a meeting that i had, i mentioned it very previously last night but it was ten days ago. i knew se
there is duplication. there are clearly areas where we can provide greater efficiencies. we were able, bob gates before me begin that effort. we have added about $60 billion on top of that in terms of further efficiencies. we will continue to review where greater efficiencies can be achieved. i ask that question when i first became secretary. what is the role of the service secretary visa be the service chief? the reality is that there is an important role for them. they are civilians. civilians are involved in providing policy in their areas. the also have to negotiate a lot of the politics. so there is an important role for them to play in terms of their particular service. having said that, there are a lot of other places where we can achieve savings in the pentagon and we will. >> at the defense department deals with downsizing services, have you considered cuts to the number of flight in general officers? >> i think that is part and parcel. as you do force reduction, we will be reducing the structure and i think as that happens, they have to review not just the reductions in our troops but also th
that as well as the american people. a lot can happen. just as bob said it -- i said in my remarks that the tax issue could get resolved this weekend or it could get resolved at the beginning of next year. it will get resolved. almost all americans will not pay higher taxes next year. but it could happen this weekend. >> the meeting ends today, if there is a proposal put on the table, we're hearing about smaller-scale proposals to get enough republican support in the senate, and not just get 60 votes. do you need an estate tax -- is it ok if it's just different income and unemployment? >> it would be best to let senator mcconnell and others meet with the president today and have them talk about that in private. probably the meeting that happens today is more for optics and probably the substance occurs after that when staff begins to talk. they ought to work on that together, and i think it is best for me not to comment on what should or should not be in it. i want to come back to this -- the 112th congress has scored, litigated, debated every one of the issues that lamar and i are talking abou
with the top democrat on the house budget committee, chris van hollen, along with bob corker and mark warner. and then at 9:00 eastern, president obama and house speaker john boehner. they also spoke about the fiscal cliff today. the president said republicans might be willing to agree to higher tax rates on the wealthy in january. then the house speaker called on the obama administration to respond to the republicans' deficit reduction proposal that was released earlier this week. president obama is at 9:00 eastern and then speaker boehner. at the museum today, florida senator marco rubio sat down with michaelen of "politico." he answered questions about the fiscal cliff. republican outreach to hispanic voters and a potential campaign for president. this is 45 minutes. [applause] >> thank you very much. you had a late night. >> not really. >> is bob still here? what would you like to ask senator rubio? [laughter] >> are you still doing this? >> ask him a real question. this is a great chance. >> last night you talked about a new direction for the republican party. and one of the things that
by reaching hosted by bob casey. senator bob casey of hearing. >> the committee will come to order. we want to thank everyone for being here today. i did not have a chance to personally greet our witnesses, but i will have time to do that later. i want to thank both of our witnesses for being here. i will have an opening statement that i will make, and then i will turn it to dr. burgess. i know that vice chairman brady will be her as well. we know the challenges that we confront here in congress on a whole range of issues, which are sometimes broadly described under the umbrella of the terminology, fiscal cliff. when we confront those difficult challenges, we have to ask ourselves a couple of basic questions. one of the basic questions we must ask is, what will be the result and will be the impact as it relates to middle income families? what will happen to them in the midst of all these tough issues we have to work out? we know there is broad agreement that going over the so-called fiscal cliff would jeopardize the economic recovery. it would do that by increasing taxes on families, haltin
to the top republicans since 1986, serving republican leader bob michael, newt gingrich, speaker hastert and john boehner and floor assistant as the general clerk for republican leader john rose and assist ant manager for the republican cloakroom. his experience has been invaluable to all of us who serve here in the house of representatives. jay is known for his vast knowledge of the rules, for his vast knowledge of the traditions and history and the procedures of the house of representatives. and he has been a teacher and a coach to so many members of the congress over the years and we're grateful to his dedication and that he has given this institution over the past 34 years. jay was born in santa barbara, california and graduated from westmont college. jay has a master's degree and pd in english literature. he and his wife have two grown sons, joel and jay. jay is a man of faith and he has his party in the right place. several years ago, he said politics must be secondary to faith and to life. ultimate answers don't lie in politic. no matter what we do or legislate, we won't solve the
'neill did, the way clinton did with bob dole, and newt gingrich. there is a long history of this. it means people getting into a room and preventing what we all want to prevent, and if we share the same goal, there should be a way for us to reach it. i am sorry that the house yesterday was unable to pass that the resolution, which was obviously a rebuke to their leader, but hopefully over their recess, when the come back after christmas, there will be cooler heads prevail in, and the president will begin serious negotiations. thanks. >> coming up on c-span, the national rifle association ceo. following that, senators feinstein and blumenthal. after that, secretary arnie duncan talks about safety in schools. tomorrow on "washington journal" we look at the so- called disco cliff and other -- fiscal cliff. our guest is stephen dinan. then a look at the colombo and shootings and the recent tragedy in the newtown shootings. washington journal is live here on c-span. >> if you work for him, you sometimes get a generous or overbearing or cruel boss. he did not know how to apologize. many of his a
hemisphere. i worked with some of my cuban- ileanaan friends, ke ros-lehtinen and bob menendez and we worked hard to put sanctions on castro to try to bring that regime down. it was not until the soviet mig that was shot down, they shot a couple of them down. one of them made it back. that created a huge for error -- furor. bill clinton was put in a difficult position. i was the author in the house and the jesse helms was the author in the senate and we worked together on the bill along with my cuban-american brands. >> that regime is still around. at the time, a number of our allies protested the bill. in the rearview mirror, how effective was it overall? do you feel good about that? >> it shows the repression is so strong in cuba, the ability of fidel castro to reach out to some of his "friends" around the world that he has been able to circumvent sanctions. i think we ought to do everything we can to bring freedom to the people of cuba. the helms-burton law was not as effective as i would have liked. >> another issue out you are associated with is autism. how did that get started? >> my g
in herndon is here to talk to us about the consequences for small businesses. bob. [applause] hello -- >> hello. i own an embroidery franchise out in herndon, va., and we work for small businesses, schools, corporations. i'm happy to be here today to talk to you about the fiscal cliff and how it might affect my business. i am mostly optimistic about our economy in the future, i have grave concerns about what is going on in congress and the potential fiscal cliff we are facing and the elimination of the tax cuts. a lot of the small business owners i talked to and know are in favor of keeping the tax cuts in place especially for the middle class. we believe in balanced approach and we think it's ok to allow the elimination of the tax cuts for the wealthy. as taxes increase, the taxes at my business will be effected and i will have less to pay for investments and new equipment, hiring new people, but personally my income tax rates will go up. it's already a financially constrained environment. but customers tax rates will go up creating less demand for my products and less revenue for
of congress, my late husband, bob matsui, worked closely with senator inouye on the movement for japanese american redress and reparations. together with colleagues, they helped secure a formal government apology for innocent japanese americans who were victims of one of our country's darkest moments. it would be impossible to find a stronger voice for our nation's veterans than senator inouye. he was instrumental in getting the congressional gold medal awarded to several military units from world war ii, units who were composed almost entirely of persons of japanese ancestry and exhibited exceptional bravery on the battlefield. while their own families were in internment camp here's at home. earlier this year, i worked closely with senator inouye to ensure that the congressional gold medal toured the country so everyone could have the opportunity to learn about the bravery and heroism of these veterans. this is the type of man senator inouye was. he was a man who up to the very end worked tirelessly to bring recognition to those who deserve it the most. north inouye devoted his life to s
together the way ronald reagan and tip o'neill did, the way clinton did with bob dole, and newt gingrich. there is a long history of this. it means people getting into a room and preventing what we all want to prevent, and if we share the same goal, there should be a way for us to reach it. i am sorry that the house yesterday was unable to pass that the resolution, which was obviously a rebuke to their leader, but hopefully over their recess, when the come back after christmas, there will be cooler heads prevail in, and the president will begin serious negotiations. thanks. >> he looked at the house and senate reaction to the attack on the u.s. consulate. you also look at the accountability review board on how the state department handled the matter. today's at 6:00 p.m. eastern on c-span. >> the issues, a different times the government can punish them as a result of the moral condemnation. the answer is once. >> c-span radio is featuring supreme court oral arguments before they were on the bench. all this week at 7:00 p.m. eastern. it to watch this in the baltimore area. >> on wed. pres
take responsibility for it. i can remember bob michael former republican leader in the house saying i'm proud of voting for this. if you want a two bit congressman vote for somebody else. he kept getting reelected. host: john now on the democratic line. caller: good morning. thanks for having me on. my main thing is saying i think the problem is our g.d.p. we don't produce anything. we don't create any jobs. as far as china is concerned, we don't tariff, we don't put that high of a tariff on their imports but yet i don't know the exact numbers but i believe it's a lot higher that they tax our imports in their country. and the whole thing with jobs. he created the apple scommuret in california in his garage but yet when he got successful he moves all his company over to china, giving chinese people jobs. if steve jobs was born in china he wouldn't even have a garage therefore he wouldn't be able to create the apple computer. so i just think we just don't do enough for the people of this country. and the people who are in position to create jobs and do this do not reinvest in the countr
insurance of the up there? host: thank you for the call. is this from bill king. this is bob, good morning. caller: happy new year. host: to you, too. caller: all the republican party has to do is to allow for what the voters voted on by putting obama back in office, which was the mandate that people earning above $250,000 pay 4.5%.eer lousy that is not a hair off their chinny-chin-chin. everybody is looking to fight against the tax increase for the wealthiest people. they take a ski vacation in france and a cost $20,000. they spend money like it is garbage. cheerleading for tax breaks for people who do not need it. they have admitted they do not need it. the republicans and the democrats are not facing the key issue with our budget, which is medical cost. it is insanity we do not hear enough and i wish c-span would have more programs dealing with all of the options that could lessen the burden on the government and the taxpayer for the medical costs. i believe that in medicare buy- in -- i have 10 years left to go until medicare. i pay $620 a month for my health care. that is a lot of mon
their meeting with president obama. >> i talked to the republican leader bob this is generally -- about this generally. we had a constructive meeting. i hope something positive will come from that. the republican leader and i and our staffs are working to see what we can come up with. but it should not take a long time to do that. but it would be in everyone's interest if we were in session tomorrow. we have another vote that has been set up >> you were talking about sunday, right? >> yes. we're going to have another caucus a following that, and hopefully by that time we will have made a determination, senator mcconnell and i, and we can do something on the floor in addition to what i talked about. we do need that time to have everybody kind of step back a little bit. if we come up with something, it is not that easy. we're dealing with big numbers. i think it was a very positive meeting. there was not a lot of clarity in the meeting. everyone knows how important it is. -- hilarity in the meeting. everyone knows how important it is. >> i share the view of the majority leader. we had a g
to the mid 30s. bob dole in the midst of the anti-immigrant sentiment of the 1990s took it back below 30. george w. bush got it back up to the magic 40% that karl rove thought was the jumping off point for neutralizing all of these questions. so, you know, we're talking about a fairly small margin of voters here. so, if you -- you know, a 10% shift in the latino votes moving 1 million to 1.3 million, you know, the actual -- what the turnout is, we don't really know yet. it's going to take a while. the exit poll numbers are losing credibility as time goes on, but that's -- i don't want to get too -- >> yes. >> you know, geeky with you [laughter] a shift to a million voters, million and a half voters, and romney would have been in the mid 30s in terms of his share, and everybody would have said, "that was a pretty good night for a republican." now, what would have happened in terms of actual states, i knew you were going to ask that -- [laughter] >> and then i want to go down the row, getting everyone. >> it's interesting, because it doesn't -- it would have -- i'll leave it to the pundits
than we do of linking appropriations. host: let's hear from bob in minnesota, republican caller. caller: there is a topic that nobody wants to talk about. it is the interest rate. the interest paid on our national debt. currently, most of the debt is under short term, under 1%. it is manipulated by the federal reserve and the treasury department. it is going to go from a historic -- $1.50 trillion in interest annually on the national debt. how is that going to impact the military industrial complex in the near future when that actually comes to be? guest: that clearly is a ticking time bomb for any part of the federal government. we are in a period of unusually low interest rates. when they rise, it is going to be a body blow to the national politics and the country. the jump from 1% to 7% is such a massive increase in taxes that the only thing i can think of is greece. host: what does it mean for the pentagon? guest: greece used to be one of the only three non-u.s. countries in nato that was spending 2% of gdp on national security. they are now below that because they cannot afford it.
and step down together the way ronald reagan and tip o'neill did, the way clinton did with bob dole, and newt gingrich. there is a long history of this. it means people getting into a room and preventing we all want to prevent, and if we share the same goal, there should be a way for us to reach 8. i am sorry that the house yesterday was unable to pass that the dissolution, which was obviously a rebuke to their leader, but hopefully over their recess, when the come back after christmas, there will be cooler heads prevail in, and the president will begin serious negotiations. thanks. [captions copyright national cable satellite corp. 2012] [captioning performed by national captioning institute] >> the president has announced he is gone to make a statement in about 20 minutes on the fiscal cliff. we will take you live to the white house briefing room, settle for 5:00 p.m. or from the white house earlier today when the president nominated each senator john kerry to be secretary of state. he and his wife to join the president for the announcement in the white house roosevelt room. >> go
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